Summary
The US and China have agreed on a "framework" for a deal about the ownership of TikTok's US operations. This framework was established during trade talks in Madrid, and leaders from both countries are set to finalize the deal soon.
Key Facts
- The US treasury secretary announced a "framework" deal with China regarding TikTok.
- The discussions took place in Madrid as part of trade talks.
- US President Donald Trump and Chinese President Xi Jinping are involved in finalizing the deal.
- A deadline is approaching for TikTok's Chinese owner to sell its US operations or face a ban.
- The deal involves TikTok, a popular social media app.
- China has not yet commented on the deal.
- Talks aim to determine the future US ownership of TikTok's American operations.
